Interesting Thoughts

I watched a video by Bill Kraft yesterday, in which he talks about technical analysis. The interesting quote was: "You don't buy a stock because it bounces off a trendline, but because you can put a stop on the other side of the trendline." It was interesting, because it makes you think of TA another way. Not that you want to get in on all of the move, but use TA to limit your risk. In this way, you can stay trading longer. Technical Analysis provides a discipline that I wouldn't have otherwise to get out of a trade.

Interesting thoughts.

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